16/10/2007
On the basis of the provisions in force as of 1 January 2004, the administration of joint-stock companies may be organised according to three separate models: the traditional model, the monistic model (of Anglo-Saxon origin) and the two-tier model (of German origin).In the traditional model, the directors have the task of running the company, and are accordingly provided with the power of being pro-active i.e. promoting the decision-making activity of the meeting (power of initiative), of i